Thinking About Money

If you have little or no debt and pay off your credit cards in full each month, don’t bother with this film. For everyone else, this film may prove an eye-opener. Though it suffers from “over-the-top” sensationalism in the style of Michael Moore, the basic information is sound.

You’ll learn how various loan instruments such as sub-prime loans, title loans, payday loans, tax refund advances, and rent-to-own, banks and finance companies are able to charge interest rates that you would think would be illegal. Conspiracy theorists will enjoy this as well (not to suggest that there isn’t a conspiracy).

I wish I could tell you that this will help you get out of debt if you are in debt. But it’s a great film for those who aren’t in serious trouble. And for those just starting to get credit (especially college students and recent grads who may be ignorant about credit), this film can save you a lot of grief.

In Debt We Trust: Highly recommended.